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2. Sold calculators costing $572,800 for $707,400. Of the total sales $49,800 was for cash. $1,700 related to calculators delivered in satisfaction of customer orders; these customers had paid in advance in the previous year. The balance was sold on account.
armstrong company recently acquired a new computer system. which of the costs associated with the computer should not
bellue inc. manufactures a variety of products. variable costing net operating income was 96300 last year and ending
a law firm received 2000 cash for legal services to be rendered in the future. the full amount was credited to the
trekkers footwear bought a piece of machinery on january 1 2006 at a cost of 2.3 million and the machinery is being
eric lindros inc. retail store chain had the following information in its general ledger for the year 2009.
georgia company borrowed 600000 from a bank on may 1 2007. the bank required a return of 12 on the loan. the loan is to
one of the accounting concepts upon which adjustments for prepayments and accruals are based ismatching.cost.monetary
a firms preferred stock pays an annual dividend of 2 and the stock sells for 65. flotation costs for new issuances of
Olgas proprietorship earned a net profit of $95,000 during the year and she withdrew $70,000 of this profit. Olga must report $70,000 net income from the proprietorship on her individual income tax return.
on january 1 2012 race corp. acquired 70 of the voting common stock of gallow inc. during the year race sold to gallow
merger co. has ten employees each of whom earns 2000 per month and has been employed since january 1. fica social
Analysts expect the company's dividend to grow by 30% this year, by 10% in Year 2, and at a constant rate of 5% in Year 3 and thereafter. The required return on this low-risk stock is 9.00%. What is the best estimate of the stock's current market ..
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